Do i need demat account to buy mutual fund online?

Do i need demat account to buy mutual fund online?
Is it enough, if i have online saving a/c or Citibank Investment a/c to buy mutual fund online?

First thing is you do not need Demat Account at all to buy a mutual fund.

Second thing, you can not buy all mutual funds online yet. So you will have to buy it offline.

To buy the mutual fund i would advice you to go for the good advisor. He will recommend a scheme most suitable to you. You can also approach citibank for this service. They also sell mutual funds. But i would suggest you to buy a fund from the AMFI Certified person around you. It would prove benifitial in the long run and you will get the post sale services from him.

Bhavesh Patel,
AMFI Certified Mutual Fund Advisor and Financial Planner
www.brpatel.com

Thanks Bhavesh, What ever the MF avalible online, Can i buy them online with out having Demat a/c. I'v online a/c with citibank and icici n i'm out of india. So my question is can i buy MF with online a/c when i'm out side india, with out filling & signing the form manually.Thanks Report It

Tags

　　Investment Company 　　Investment Calculator 　　Investment Bank 　　Investment Advice 　　Investment Account 　　Invest Money 　　Invest in Gold 　　Invest Fund 　　Income Fund

Related information

If I open up a CD or savings account that builds interest at a rate of 5% how does that work?

If you open CD account with 5,000 and 5% annual interest rate you will have 5,250 after 12 months or 250 more. You may consider investing in good mutual fund like OBCHX for example with last 12 mo...

I am receiving Unemployment Insurance Benfit and I am about to open an Day Trading Stock Account. Am I still?

Your gains will be capital gains, filed on Schedule D. You should consult a tax professional. Early, not at the last minute. If you really make "thousands of dollars per month"...

Money funds vs. high-interest savings account?

if it is an "emergency fund" i would but it in a savings account. because i can alway have access to it

...

If i cashed out on my unified trust for minors account please help with capitol gains problems?

If the gain exceeds $2,900 it kills the EIC. Sorry! Your basis in the stocks is whatever the donor paid for them. If the difference between the basis and your net proceeds from the sale exceed...

Does anyone know of a website which offers unbiased comparisons of popular investment websites/commentators?

Check out AAII ...

Are there advantages in rolling over your lump sum payment from a pension plan to an IRA account?

Let's get the terminology and my assumptions out in the open and then you be the judge: 1. By "lump sum payment from a pension plan" I am assuming you are refering to a lump sum d...

Investment company difference?

There is no difference. At one time until a couple of years ago they JP Morgan and Chase Banks were two different banks. Then they merged and became one. It is now known as JP Morgan Chase &...

Investment for non alien?

Non alien? meaning US citizen? In any case, you should seek a financial analysts, they provide analysis and guidance to businesses and individuals to help them with their investment decisions. Yo...